Louisiana Bond Commission's Agenda Heavy on the Refunding Side

DeSue, Tedra
March 2005
Bond Buyer;3/18/2005, Vol. 351 Issue 32093, p3
Trade Publication
This article reports that the Louisiana State Bond Commission met to consider a relatively light agenda in terms of new-money requests by local issuers, but there was a larger than usual number of refunding proposals from issuers trying to take advantage of low interest rates. At least $200 million of requests were on the agenda, including more than $130 million of general obligation refunding requests. The Calcasieu Parish School Board will sell about $61 million of refunding bonds in one issue to refinance debt for six of its school districts. All of the bonds to be refunded were sold between 2000 and 2002.


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